2008 News Releases

July 04, 2008

Shareholder Update

On January 14, 2008 we provided shareholders with a comprehensive Shareholder Update which discussed our four Mexican projects: El Porvenir, San Jose de Gracia, El Candelero, and Kenya. Since then, two projects have exceeded our expectations, one has met them, and the fourth is yielding interesting early-stage results. Overall, we are pleased with our progress. Goldgroup today is stronger, more exciting, and, we believe, significantly more valuable than six months ago.